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South Florida Investors, Issue 06-14-07
June 14, 2007
South Florida Real Estate Investors

Palm Beach Wholesale Properties, Miami Wholesale Properties and Broward Wholesale Properties / 06-14-07


HANDYMAN SPECIAL!!!!!

581 Brown Road
Lantana, Florida 33462

2bed/1bath
900 Sq ft
Built 1993
Construction - Concrete Stucco

ARV= 180k-200k
Repairs= 10k-12k
Wholesale Properties Price = 119K

ATTENTION INVESTORS: DRIVE BY ONLY DO NOT DISTURB TENANTS!!

MUST Close on or before July 1st, 2007. CASH OR HARD MONEY ONLY!


5047 North A1A
Atlantic View Beach Club Condominium
North Hutchinson Island
Ft. Pierce, FL 34949

2 Bedroom, 2 Bath, Luxury Condominium
1436 square feet
Nice Ocean View
Backs onto Intra Coastal

Wholesale Properties Price $274,900
(On Assignment)


5721 Wingham Way
Lake Worth, FL 33463

3 Bedroom, 2 bath, 1 car garage
CBS, new roof in 2006
End Unit Villa - 1414 square feet
fenced rear yard- nice neighborhood
close to shopping

Needs only paint and carpet
Repair Estimate $5000

Wholesale Properties Price $147,000
(On Assignment)

Recent sale comps in area:
5467 Barnstead Circle
1161 square feet, $200,000

5647 Barnstead Circle
1167 square feet, $215,000


2941 Shawnee Road
West Palm Beach, FL 33406

2/1 on a DOUBLE ONE-HALF ACRE LOT
(Add a closet and make it a 3-bedroom)
Wood Floors Throughout
1161 Sq Ft,
Repair Estimate $10,000

Retail - $210,000
Wholesale Properties Price - $154,000

Comps in Area:
2828 Creek Rd $231,000
1145 sq ft. .25 acre

2829 Shawnee Rd $210,000
1102 sq st .25acre


969 Allendale Road
West Palm Beach, FL 33408

3 Bedroom, 1 bath, 1080 Square Feet

Wholesale Properties Price : $134,900
Retail Price: $175,000


290 NW 63rd Ct,
Miami FL 33126

$130,000 BELOW MARKET VALUE

After Repair Value (ARV)……………… $400,000
Wholesale Properties Price…………….. $ 270,000
Gross Margin Pre-Rehab……………….. $130,000
Estimated Repairs………………………... $40,000
Gross Margin After Rehab……………… $90,000

• Single Family House
• 3 Bedrooms / 2 Bath
• Needs new roof
• Large Backyard
• Corner unit

ACT FAST!!! Property available for a limited time only.
CORNER UNIT IN GREAT NEIGHBORHOOD
Needs new roof, interior remodeling, A/C, landscaping, etc.

CASH or HARD MONEY only.


4621 NW 84 Avenue
Lauderhill, FL 33351

Single family house with a pool, very large back yard, on a canal, 3+2+1
total area app. 1,500 sq.ft.,
living area app.1,300 sq.ft.(back half garage was converted into a bedroom and a storage room).
Brand new fences around the property and the pool.
Regular rehab needed, including reparing the roof.

Wholesale Properties Price : $ 224,900

Comps:
1. 8720 NW 48 Street, 3/2 with pool, sold 3/22/07 for $308,400, or 242.8 $/sq.ft.
2. 8431 NW 44 Court, 3/2 with pool, sold 2/8/07 for $300,000, or 252.3 $/sq.ft.
3. 4951 NW 84 Avenue, 3/2/2 with pool and on canal, listed 6/6/07 for $379,999, or 211.6 $/sq.ft.
4. 8000 NW 46 Court, 3/2/1 with pool and canal, listed at 2/2/07 for $369,500 or 246.3 $/sq.ft.
4. 4910 NW 84 Avenue, 3/2/2 with pool, listed 4/21/07 for $370,000, or 213.9 $/sq.ft.


2320 NW 2nd St
Boynton Beach Florida 33435

3/1 CBS
Has new roof, wall AC units.
Needs basic updating
ARV $200k - $210k

Wholesale Properties Price $138,000
DRIVE BY ONLY


Property at 510 W Mango Street
Lantana, FL 33462

Great deal
major price reduction for a Single Family house, 2bed+1bath+1carport
total 880 sq.ft.,
living area 660 sq.ft.
Regular repairs plus roof needed.
It is a frame house that can be beautifully stuccoed.

Wholesale Properties Price : $ 104,900

Comps:
610 W Ocean Ave. sold 2/14/07, $245,000, 2+2, 720 sq.ft. , $340.38/sq.ft.
318 W Ocean Ave. listed 1/16/07, $265,000, 2+1, 764 sq.ft., $346.96/sq.ft.
200 Iris Ave. listed 11/11/06, $349,000, 2+1, 884 sq.ft., $394.8/sq.ft.

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